GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Xinhua Chemical Co Ltd (SHSE:603867) » Definitions » Cyclically Adjusted Price-to-FCF

Zhejiang Xinhua Chemical Co (SHSE:603867) Cyclically Adjusted Price-to-FCF : 120.00 (As of Jun. 21, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Zhejiang Xinhua Chemical Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-21), Zhejiang Xinhua Chemical Co's current share price is ¥24.00. Zhejiang Xinhua Chemical Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was ¥0.20. Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF for today is 120.00.

The historical rank and industry rank for Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHSE:603867' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 105.9   Med: 133.03   Max: 159.7
Current: 127.08

During the past 10 years, Zhejiang Xinhua Chemical Co's highest Cyclically Adjusted Price-to-FCF was 159.70. The lowest was 105.90. And the median was 133.03.

SHSE:603867's Cyclically Adjusted Price-to-FCF is ranked worse than
90.31% of 578 companies
in the Chemicals industry
Industry Median: 24.23 vs SHSE:603867: 127.08

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Zhejiang Xinhua Chemical Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was ¥-0.540. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ¥0.20 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Xinhua Chemical Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zhejiang Xinhua Chemical Co Cyclically Adjusted Price-to-FCF Chart

Zhejiang Xinhua Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 164.56

Zhejiang Xinhua Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 164.56 -

Competitive Comparison of Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF falls into.



Zhejiang Xinhua Chemical Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.00/0.2
=120.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zhejiang Xinhua Chemical Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Zhejiang Xinhua Chemical Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.54/114.7809*114.7809
=-0.540

Current CPI (Dec23) = 114.7809.

Zhejiang Xinhua Chemical Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.556 99.000 0.645
201512 0.322 100.600 0.367
201612 0.571 102.600 0.639
201712 0.941 104.500 1.034
201812 1.134 106.500 1.222
201912 1.003 111.200 1.035
202012 -0.188 111.500 -0.194
202112 -1.133 113.108 -1.150
202212 -1.066 115.116 -1.063
202312 -0.540 114.781 -0.540

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Zhejiang Xinhua Chemical Co  (SHSE:603867) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Zhejiang Xinhua Chemical Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Zhejiang Xinhua Chemical Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang Xinhua Chemical Co (SHSE:603867) Business Description

Traded in Other Exchanges
N/A
Address
No. 909 Xinanjiang Road, Yangxi Street, Zhejiang Province, Jiande, CHN, 311607
Zhejiang Xinhua Chemical Co Ltd is mainly engaged in the production and operation of Organic Amine series, Aroma chemical series, Peroxide series,Synthetic Ammonia series and other fine chemicals.
Executives
Fang Jun Wei Supervisors
Bao Jiang Feng Directors, senior managers
Hu Jian Hong senior management
Ying Si Bin Director

Zhejiang Xinhua Chemical Co (SHSE:603867) Headlines

No Headlines